Wednesday 1 April 2015
 
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residential

Jabal Omar sells key Makkah residential units

Jabal Omar Development, the largest listed real estate developer in Saudi Arabia by market capitalisation, said it had sold residential units worth SR70.1 million ($18.7 million). The company had earlier announced plans to hold an

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Zain Property in key Oman project success

Oman-based Zain Property Development has officially launched the fifth and sixth phase of its ambitious ‘Dar Al Zain’ project, which will boast of 21 premium villas built around an artificial lagoon in Seeb area of the sultanate.

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Towell Construction wins Oman project contract

Saraya Bandar Jissah, the developer of Oman’s newest integrated tourism complex (ITC), has awarded two major contracts for construction of its Wajd and Nameer residential zones to Towell Construction and Company (TCC). A par

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Dubai Investments Park residential projects on track

Dubai Investments Park (DIP) has announced that more than 1,150 residential units, which include townhouses, duplex, three, two and single-bedroom and studio apartments, are currently under construction within the development. An

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Renaissance sees Oman residential project on track

Special Economic Zone Authority at Duqm (Sezad) said its joint initiative with Oman-based Renaissance Services for blue-collar workers of contracting firms, will be ready by middle of next year, said a report. Duqm Permanent Accom

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Dubai residential prices fall as demand dwindles

The residential prices in Dubai during the first six weeks of the year have decreased compared to the previous quarter as international demand dwindles, according to a report. The Phidar Advisory’s first quarter mid-quarter

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Bahrain's residential rental rates stable

The residential market in Bahrain has seen little change in the last quarter of 2014 with a marginal increase of two per cent in prime locations, said a report. Despite a reported slowdown in enquiries from prospective tenants in

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New lifeline for stalled projects in Bahrain

Stalled residential projects that have blighted Bahrain's landscape for years will be given fresh impetus under new government plans. Leading the charge is the multimillion-dinar Villamar development, first announced by the Ku

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Saudi group to pump $196m into Egypt project

Saudi Dar Al-Ma’ali for Development and Real Estate Management has allocated E£1.5 billion ($196.5 million) for the development of a key residential project in Cairo, Egypt, said a report. The Square 2 New Cairo projec

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Sobha to break ground on $4bn residential project

Sobha Group, a leading integrated real estate company with operations in the region, is set to break ground on the first phase of its ambitious signature integrated community in Dubai, UAE in the second quarter of 2015. Located 3 km fro

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